Tesla, Inc. $TSLA Shares Purchased by AM Investment Strategies LLC

Key Points

• AM Investment Strategies LLC has increased its stake in Tesla, Inc. by 39.6%, now holding a total of 47,971 shares, worth $15,238,000, making Tesla the firm's 6th largest holding.
• Notable insider trades include CFO Vaibhav Taneja and Director James R. Murdoch selling significant portions of their stock, with Murdoch selling 60,000 shares for $25,360,800.
• Wall Street analysts show mixed sentiments towards Tesla, with two issuing a Strong Buy rating and others maintaining ratings between Sell and Hold, resulting in a consensus price target of $326.74.

AM Investment Strategies LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 39.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,971 shares of the electric vehicle producer's stock after purchasing an additional 13,604 shares during the quarter. Tesla accounts for approximately 3.6% of AM Investment Strategies LLC's investment portfolio, making the stock its 6th largest holding. AM Investment Strategies LLC's holdings in Tesla were worth $15,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Means Investment CO. Inc. lifted its holdings in shares of Tesla by 37.7% during the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after purchasing an additional 6,323 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Tesla by 3.1% during the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after purchasing an additional 670 shares during the period. Siren L.L.C. acquired a new stake in shares of Tesla during the first quarter worth about $2,332,000. Zuckerman Investment Group LLC lifted its holdings in shares of Tesla by 6.9% during the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after purchasing an additional 826 shares during the period. Finally, Keystone Global Partners LLC acquired a new stake in shares of Tesla during the first quarter worth about $594,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company's stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock valued at $77,360,462 in the last three months. 19.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TSLA shares. Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. Piper Sandler boosted their price target on Tesla from $400.00 to $500.00 and gave the company an "overweight" rating in a report on Monday. CICC Research boosted their price target on Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a report on Thursday, September 18th. Guggenheim reissued a "sell" rating and issued a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. Finally, William Blair reissued a "market perform" rating on shares of Tesla in a report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have assigned a Hold rating and nine have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $326.74.

Tesla Price Performance

Tesla stock opened at $425.85 on Wednesday. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 246.16, a PEG ratio of 15.15 and a beta of 2.06. The company has a fifty day simple moving average of $345.33 and a 200-day simple moving average of $310.67. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same period in the previous year, the company earned $0.52 EPS. Tesla's quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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